Parting Shot: A vision of reform

Jan 1, 2013

Mexico has a rare opportunity to transform its economy – and now is the time to seize it, says its finance minister Luis Videgaray

The Pact for Mexico is a broad political agreement to
carry out some significant changes in public policy,
particularly in economic policy, to make some changes that we
all know need to be made on the fiscal side, in energy and in
competition, to name a few, that are long overdue.

It is an important achievement to have an agreement. But the
true achievement will be to make it happen. So therefore, the
Pact for Mexico is an opportunity. We want to seize that
opportunity.

The Pact is based on the belief that we need to create a
more equal society. Mexico is not the poorest country in the
world, but it is one of the most unequal. The distribution of
income in Mexico is something that is common to many Latin
American economies. We need a minimum...